Price for Spices; Ginger, Neither Crushed Nor Ground in Croatia - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Croatia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Croatia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Croatia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Croatia
Price for Spices; Ginger, Neither Crushed Nor Ground in Croatia (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,875 per ton in 2022, dropping by -25.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 43% against the previous year. As a result, import price reached the peak level of $2,868 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,820 per ton), while the price for Thailand ($1,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Croatia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $2,613 per ton in 2022, growing by 33% against the previous year. Overall, the export price showed perceptible growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 138%. As a result, the export price attained the peak level of $3,775 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($7,185 per ton), while the average price for exports to Mongolia ($1,119 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Croatia
In 2022, imports of spices; ginger, neither crushed nor ground into Croatia stood at 649 tons, increasing by 9.3% against the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground fell markedly to $1.2M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Spices; Ginger, Neither Crushed Nor Ground in Croatia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 349 | 456 | 633 | 497 | 12.5% |
Germany | 170 | 270 | 271 | 179 | 1.7% |
Slovenia | 115 | 160 | 144 | 160 | 11.6% |
Italy | 267 | 367 | 157 | 98.4 | -28.3% |
Thailand | N/A | N/A | N/A | 94.4 | 0% |
Hungary | 67.6 | 188 | 101 | 87.5 | 9.0% |
China | 155 | 337 | 150 | 64.1 | -25.5% |
Nigeria | 56.0 | 22.7 | 21.7 | N/A | -37.8% |
Others | 40.8 | 18.5 | 21.6 | 35.1 | -4.9% |
Total | 1,220 | 1,819 | 1,499 | 1,216 | -0.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Croatia in 2022:
- Netherlands (314.3 tons)
- Thailand (71.8 tons)
- Slovenia (71.2 tons)
- Germany (63.6 tons)
- China (41.8 tons)
- Italy (39.0 tons)
- Hungary (33.8 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Croatia
Exports of spices; ginger, neither crushed nor ground from Croatia soared to 66 tons in 2022, surging by 19% against the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 79% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $172K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 184%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Spices; Ginger, Neither Crushed Nor Ground in Croatia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 1.4 | 1.2 | 2.2 | 65.9 | 261.1% |
Serbia | 16.5 | 15.3 | 2.6 | 52.4 | 47.0% |
Slovenia | 12.6 | 5.4 | 4.9 | 32.5 | 37.1% |
Mongolia | N/A | N/A | N/A | 1.3 | 0% |
Spain | N/A | 21.8 | 94.5 | N/A | 333.5% |
Netherlands | 2.0 | 48.8 | N/A | N/A | 2340.0% |
Others | 0.7 | 1.6 | 4.1 | 19.5 | 203.1% |
Total | 33.1 | 94.1 | 108 | 172 | 73.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Croatia in 2022:
- Slovenia (28.3 tons)
- Serbia (25.7 tons)
- Bosnia and Herzegovina (9.2 tons)
- Mongolia (1.2 tons)
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The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
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The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
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The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.